By Bishop Witmos
The Atmosphere in Abuja, Nigeria’s Capital City is electric as preparations for the 32nd African Export-Import Bank (AFREXIM Bank) annual meetings are at an advanced stage.
The 32nd AFREXIM Bank annual meetings in Abuja is expected to be the largest gathering of Global Africa in the Bank’s Annual Meetings history, bringing together over 6,000 delegates from Africa and globally, including Heads of State, government officials, businesspeople, respected experts and advisors from Africa and globally.
President Dr. Lazarus Chakwera is expected to lead the Malawi delegation at the 32nd African Export-Import Bank (AFREXIM Bank) annual meetings, scheduled to take place from 25th to 27th June.
AFREXIM Bank is a Pan-African multilateral financial institution mandated to finance, facilitate and promote intra and extra-African trade.
For over 30 years, the bank has been deploying innovative instruments to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade.
During the high-level event, President will participate in the Presidential Plenary Session, where he will engage fellow African and Caribbean leaders on regional trade and investment cooperation.
President Chakwera will also hold bilateral meetings with President Bola Ahmed Tinubu of the Federal Republic of Nigeria, Professor Benedict Oramah, President and Chairman of the Board of Directors of AFREXIM Bank, and other key African leaders to promote investment opportunities in Malawi and forge partnership.
The bank has for the past years supported Malawi’s economic development and industrialization efforts through various initiatives, including a landmark 100 million U.S. dollars Trade Finance Facilitation Facility agreement with National Bank of Malawi (NBM) to support trade transactions in the manufacturing, energy and agriculture sectors.
In June last year, the bank also provided a grant support of 2.6 million U.S. dollars for the financing of mega farms in the country and for establishment of an industrial park in Blantyre.
